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To: 2ndDivisionVet

And what portion of this wealth was created by these millionaires?


3 posted on 06/16/2015 8:39:33 AM PDT by Blennos
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To: Blennos

In most cases all of it. Funny that the press never touches on that.


7 posted on 06/16/2015 8:43:29 AM PDT by 2ndDivisionVet (You can help: https://donate.tedcruz.org/c/FBTX0095/)
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To: Blennos

Exactly.

Millionaires hire a lot of employees with their wealth; the poor don’t hire anyone.


25 posted on 06/16/2015 8:58:07 AM PDT by july4thfreedomfoundation (The so-called Southern Poverty Law Center is a hate group.)
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To: Blennos

Not a many. The middle class produces more jobs per dollar income than the wealthy.


33 posted on 06/16/2015 9:06:22 AM PDT by freedomfiter2 (Lex rex)
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To: Blennos
And what portion of this wealth was created by these millionaires?

That's actually an interesting question, since there are millionaires who actually have created wealth (successful entrepreneurs, venture capitalists who backed good start-ups, and the like) and there are millionaires who simply gamed the system (the sort of investment bankers who call their clients "muppets" and work to maximize their own bonuses, rather than their clients' assets; CEOs whose "golden parachute" opened to give them great wealth even as they destroyed shareholder valued; Congressmen who exploited their exemption from insider trading laws;...)

The skewed definition the article used also makes it likely that more of the millionaires in their count are of the latter sort, since it excludes assets tied up in business operations, and thus, many entrepreneurs whose net worth may be over a million dollars and who are actually creating wealth.

We on the right really need to actually reject the left's whole schema. The divide between rich and poor is not that interesting. The divide between makers and takers doesn't correspond to income levels -- we need to support the makers, whether well-off, middle class, or even poor, and oppose the takers, regardless of their income level, rather than reflexively identifying the rich as "makers" and the poor as "takers".

35 posted on 06/16/2015 9:08:05 AM PDT by The_Reader_David (And when they behead your own people in the wars which are to come, then you will know...)
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To: Blennos
And what portion of this wealth was created by these millionaires?

Another salient question might be, how many more poor (and fewer millionaires) are there because of the Left's "war on poverty"?

43 posted on 06/16/2015 9:19:08 AM PDT by trebb (Where in the the hell has my country gone?)
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